bottom fishing with good dividend payout

NYSE:SMFG   Sumitomo Mitsui Financial Group Inc Unsponsored
A 50B+ major Japanese banking firm - coming off a major multi year base with > 25% upside in 2020. Risks can be substantially mitigated by due the high dividend payout offered by the company.
Risks can be further reduced by doing the following:
1. hedging with put options strike 5 with at least 90 Days to expiry (DTE) for worst case scenarios
2. Do not risk more than 5% of your portfolio .. ideally scale it in. 2% now and then 3% in case it falls after the pending earnings in Nov


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